Skyworks Solutions is a leading provider of semiconductor products, specializing in the design and manufacture of innovative analog and mixed-signal devices. The company primarily serves the wireless communication market, offering a diverse range of products such as amplifiers, filters, and integrated circuits that enable connectivity in smartphones, tablets, and various other consumer electronics. With a focus on high-performance solutions, Skyworks plays a crucial role in advancing the capabilities of mobile technology and the Internet of Things (IoT), catering to the growing demand for efficient, reliable wireless communication systems.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Skyworks Solutions (NASDAQ:SWKS) and the best and worst performers in the analog semiconductors industry.
Wireless chips maker Skyworks Solutions (NASDAQ: SWKS) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 15.9% year on year to $1.02 billion. Next quarter’s revenue guidance of $1.07 billion was less impressive, coming in 2.8% below analysts’ estimates. Its non-GAAP profit of $1.55 per share was 1.9% above analysts’ consensus estimates.
The S&P 500 couldn’t keep its winning streak intact today, dipping just -17 points or -0.29% on the day. The Nasdaq slipped an identical -17 points, which was down -0.09% for the session.
October inflation data meets expectations with a slight uptick in annual rate, core inflation steady at 3.3%. Fed may cut rates in Dec. Market reacts positively.
Skyworks Solutions, Inc. (Nasdaq: SWKS), a leading developer, manufacturer and provider of analog and mixed-signal semiconductors and solutions for numerous applications, today reported fourth fiscal quarter and fiscal year-end results for the period ended Sept. 27, 2024.
Skyworks Solutions, Inc. (Nasdaq: SWKS) has achieved IATF 16949 automotive certification at its facilities in Newbury Park, Calif.; Woburn, Mass.; Mexicali, Mexico; Osaka, Japan; and Bedok, Singapore; and support sites in Irvine, Calif.; Andover, Mass.; Ottawa, Canada; Seoul, Korea; and Ang Mo Kio, Singapore. Through its expansive portfolio, Skyworks is a major global supplier of high-performance, analog and mixed-signal solutions for the automotive industry with its RF front-end modules for V2X, in vehicle infotainment, keyless entry, satellite navigation and 5G automotive telematics.
Skyworks Solutions, Inc. (Nasdaq: SWKS), an innovator of high-performance analog and mixed-signal semiconductors connecting people, places and things, will host a conference call with analysts to discuss its fourth quarter fiscal 2024 results and business outlook on Nov. 12, 2024, at 4:30 p.m. EST.
What has Wall Street been buzzing about this week? Here are the top 5 buy calls and the top 5 sell calls made by Wall Street's best analysts during the trading week of Oct. 7-11, 2024.
